Chi-X Global Technology, the technology services unit of Chi-X Global, has connected UBS Investment Bank to its MarketPrizm pan-Europe trading infrastructure to support the investment bank’s direct execution ultra-low latency market access and co-location services in the region.
MarketPrizm is a managed trading infrastructure solution, offering connectivity to the region’s trading venues, market data acquisition, hosting options, applications and services designed to support all types of electronic trading. Optimized for latency-sensitive strategies including high frequency trading, MarketPrizm is a trading ecosystem underpinned by PrizmNet, the company’s proprietary, dedicated bespoke network for high speed access to the markets.
UBS direct execution provides an array of electronic trading services, including direct market access (DMA) and algorithmic trading strategies, to enable their clients to pursue best execution in Europe.
Chi-Tech is providing UBS a bespoke MarketPrizm solution, delivering a technological infrastructure service that will augment their expanding range of co-location and ultra-low latency market access services.
Tim Wildenberg, managing director and head of direct execution services EMEA for UBS Investment Bank, said: “Our ongoing mission is to continually evolve our capabilities in order to provide our clients with the cutting edge of trading technology and market access. This new infrastructure service will enable us to deliver co-location and even greater speed for our clients in Europe who are focused on low latency trading. MarketPrizm provides us with great flexibility, performance and scalability, which are essential to our clients’ performance.”
Nicolas Levy, managing director for MarketPrizm, said: “MarketPrizm will even further enhance the firm’s capabilities in this area, providing an infrastructure service that allows them to on-board new clients quickly and efficiently, and to provide those clients with new services, convenience and great flexibility. We look forward to supporting the firm’s client services strategies and continued innovations.”